Issue 845 - 19th May
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News Analysis
- Structured Finance
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International affair
Opportunity for foreign investors in Chinese ABS?
Misunderstanding could mean missed opportunity for investors as China’s unique securitisation market continues to grow and mature. Despite divergence from global norms, there may be room for more foreign investors to capitalise on the robus...
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The social struggle
More data needed to tackle 'socialwashing'
Concerns around ‘socialwashing’ remain, despite recent advances in defining social securitisations. This Premium Content article investigates why the ‘social’ side of ESG securitisation is more complex than its...
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Unfinished business
ESMA review offers opportunity to increase ABS transparency
NPL Markets, the loan trading and analytics platform, has called for increased data transparency in the European private securitisation market, despite resistance from some market participants. The development comes as ESMA conducts its review of man...
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- Capital Relief Trades
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Holding steady
CRT structures unscathed amid bank volatility
Recent banking instability is unlikely to result in contractual changes in synthetic securitisations, but structural divergences are emerging. This Premium Content article investigates further. The aftermath of UBS’s acquisition of Credit...
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- Structured Finance
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News
- ABS
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Fire sale
FDIC moving at faster pace than expected to sell off failed bank assets
The Federal Deposit Insurance Corporation (FDIC) yesterday (May 17) sold another $12.5bn of assets from failed Silicon Valley Bank and Signature Bank, which now means it has completed 27% of the $114bn it needs to get off its books. It was a larger...
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- Structured Finance
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SCI Start the Week - 15 May
A review of SCI's latest content
Call for submissions: SCI CRT Awards 2023The submissions period is now open for the 2023 SCI CRT Awards, covering the global capital relief trades market and the US credit risk transfer market. Nominations should be received by 5 July and the winners...
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- Capital Relief Trades
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Capital squeeze
Greater capital requirements for regionals highlights case for CRT
More stringent regulatory oversight of US banks is likely to make careful capital management even more relevant, consequently highlighting the virtues of the CRT market, suggest sources. The recent bank crisis, which has seen the collapse of Silico...
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- ABS
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Market Moves
- Structured Finance
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AG acquisition creates credit powerhouse
Sector developments and company hires
AG acquisition creates credit powerhouseTPG is set to acquire Angelo Gordon in a cash and equity transaction valued at approximately US$2.7bn, based on TPG’s share price as of 12 May, including an estimated US$970m in cash and up to 62.5 mi...
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CLO heavyweight to lead combined platform
Sector developments and company hires
CLO heavyweight to lead combined platformSound Point Capital Management has appointed Gunther Stein as head and cio of its US performing credit and CLO platform. The move follows Sound Point’s recently announced agreement to acquire Assured...
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- Structured Finance
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